Search Results
Working Paper
A policymaker's guide to indicators of economic activity
Journal Article
M1: the ever-changing past
Newsletter
Debt in the 1990s
Journal Article
Factor utilization and margins for adjusting output: evidence from manufacturing plants
This paper describes patterns of factor utilization and output adjustment at the plant level for a wide range of manufacturing industries. We explain why manufacturing plants may differ quite a bit in how they accomplish output adjustments, depending on shutdown cost aspects of technology. Assembly-type operations with low shutdown costs would primarily vary the work period of the plant, whereas continuous processing plants with large shutdown costs would adjust instantaneous flow rates of production. For larger output increases, a lengthening of the work period by assemblers would entail ...
Working Paper
Market structure, technology and the cyclicality of output
Revision of Working Paper 91-19
Working Paper
The identification of monetary policy disturbances: explaining the liquidity puzzle
Replaces Working paper 91-24.
Journal Article
Real boats rock: monetary policy and real business cycles